Close Menu
Cryprovideos
    What's Hot

    BAY Miner helps customers earn as much as $90,000 in passive earnings per day by XRP and DOGE

    June 6, 2025

    Ethereum Worth Dips Beneath $2,500: Traders Eye Key Help Ranges

    June 6, 2025

    Secret Ethereum (ETH) Golden Bull Run Incoming? Solana (SOL) Enters Freefall, Bitcoin (BTC): Now or By no means?

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year – Decrypt
    US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year – Decrypt
    Markets

    US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year – Decrypt

    By Sebastian SinclairNovember 1, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    U.S.-listed Bitcoin exchange-traded funds have rapidly accumulated tens of billions in assets, reaching half that held by gold ETFs in record time.

    Since launching in January 2024, Bitcoin ETFs have attracted substantial inflows, totaling $23.89 billion and $70 billion in total net assets, per data from SoSoValue.

    By comparison, total net assets for U.S.-listed gold ETFs stand at $137.3 billion, according to the latest figures from the World Gold Council.

    That means that in just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades, Nate Geraci, president of The ETF Store, tweeted Thursday.

    The rapid adoption of Bitcoin ETFs reflects the quickening of mainstream interest in digital assets, according to some, with recent daily inflows ranging from $192 million to as much as $893 million.

    “There is no question that the BTC ETFs have been well received, breaking all inflow records as they go,” Ryan McMillin, chief investment officer at crypto fund manager Merkle Tree Capital, told Decrypt. 

    In comparison, gold ETFs, which debuted in 2004, have long represented a stable hedge against market volatility and inflation.

    “It is hard to compare absolute flows as 20 years between launches include a lot of inflation,” McMillin added. 

    The assets are often compared for their roles as “safe havens,” with gold prized for its historical stability and Bitcoin increasingly seen as a digital counterpart due to its finite supply and independence from traditional financial systems.

    Jurrien Timmer, director of Global Macro at Fidelity Investments, often characterizes Bitcoin as “exponential gold,” highlighting its rapid adoption curve and inherent scarcity. 

    His perspective suggests Bitcoin’s value proposition extends beyond that of traditional “digital gold,” instead emphasizing its potential as a store of value driven by network growth and limited supply.

    Whatever the case, Bitcoin has emerged as the best-performing asset of 2024, climbing 65% year-to-date to $69,533. Gold has also demonstrated strong performance, with prices up 16% to $2,746.09 per ounce.

    Despite the world’s largest asset dipping more than 4% on Thursday, McMillin still sees Bitcoin finishing off the year strong.

    “We’ve seen a few sell-offs, which could be larger funds reweighing their portfolios to take some gains, or it could very likely be a little volatility as we get closer to the US election,” he said.

    “I wouldn’t expect we go much lower here, not without a serious catalyst,” McMillin added.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    $41,000 Drained From Girl’s PNC Financial institution Account – And Her Daughter Is Now a Suspect: Report – The Each day Hodl

    June 6, 2025

    Sei Community Paves the Means for Autonomous AI Financial Integration

    June 6, 2025

    APS: institutional turning level within the RWA market

    June 5, 2025

    CoreWeave Achieves Report MLPerf Benchmark with NVIDIA GB200 Superchips

    June 5, 2025
    Latest Posts

    Secret Ethereum (ETH) Golden Bull Run Incoming? Solana (SOL) Enters Freefall, Bitcoin (BTC): Now or By no means?

    June 6, 2025

    Bitcoin bulls should guard key $95.6k assist as veteran holders money in on positive aspects

    June 6, 2025

    UK Gold Miner Bluebird Pioneers Bitcoin Reserve Transfer

    June 6, 2025

    China to ban proudly owning Bitcoin? Gate.io to pay $30M over liquidations: Asia Specific

    June 6, 2025

    The “Compliant Citizen” Dilemma and the “Civic Dividend” of Bitcoin

    June 6, 2025

    Gold Miner’s Announce Transition to Bitcoin: Sends STock Hovering 60 P.c – BlockNews

    June 6, 2025

    Bluebird Mining Shifts to Bitcoin, Inventory Jumps 60% – Bitbo

    June 6, 2025

    Crypto Analyst Warns: This Bitcoin Bull Cycle Seems Nothing Like 2017 or 2021

    June 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ex-Binance CEO CZ Updates His Latest Bitcoin Assertion as BTC Tops $105,000

    January 18, 2025

    BitBoy Crypto Ben Armstrong Arrested In Florida, Known as Fugitive From Justice

    March 26, 2025

    Virtuals Protocol Value Prediction: VIRTUAL Soars 215% However This New AI Crypto Can Give Greater Positive aspects

    May 22, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.